Department of the Treasury

Securitization Group Addresses Risk Retention in Regulatory Reform 

[Update 2: Corrects statements made by CMSA on proposed regulatory reforms; an earlier story had incorrectly stated that the CMSA was supporting a Treasury proposal for 5% risk retention requirements, when the CMSA is not supporting such a requirement.] The commercial real estate market — and specifically the commercial mortgage-backed securities (CMBS) market — is experiencing its worst liquidity crisis since the early ’90s, according to the Commercial Mortgage Securities Association (CMSA).